Koton Magazacilik Tekstil Sanayi Ve Ticaret A.s.BIST: KOTON

Koton Says Two Wildberries Warehouses Used In Russian E-Commerce Operations Were Damaged In Ukrainian Attacks

· Issued by Koton Magazacilik Tekstil Sanayi Ve Ticaret A.s.

KOTON MAĞAZACILIK TEKSTİL SANAYİ VE TİCARET BIST:KOTON:

  • SAID ON MONDAY TWO WAREHOUSES BELONGING TO WILDBERRIES, ONE OF MARKETPLACES THROUGH WHICH OUR COMPANY CONDUCTS ITS E-COMMERCE OPERATIONS IN THE RUSSIAN FEDERATION, WERE DAMAGED AS A RESULT OF UAV ATTACKS CARRIED OUT BY UKRAINE

  • ACCORDING TO PRELIMINARY ASSESSMENTS, A PORTION OF OUR INVENTORY STORED IN THESE WAREHOUSES WAS AFFECTED. THE VALUE OF THE DAMAGED INVENTORY CORRESPONDS TO APPROXIMATELY FOUR-TENTHS OF ONE PERCENT (0.4%) OF THE TOTAL ASSETS REPORTED IN OUR FINANCIAL STATEMENTS AS OF MARCH 31, 2026

  • BASED ON CURRENT EVALUATIONS, THE DAMAGE IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON OUR COMPANY'S FINANCIAL POSITION, OPERATIONS, OR BUSINESS CONTINUITY

  • WILDBERRIES IS CONTINUING ITS DAMAGE ASSESSMENT PROCESS AND HAS ANNOUNCED THAT IT WILL IMPLEMENT SUPPORT MEASURES FOR BUSINESS PARTNERS AFFECTED BY THE INCIDENT

  • UNDER OUR EXISTING INSURANCE POLICIES COVERING INVENTORY STORED IN WAREHOUSES, DAMAGE ASSESSMENT AND CLAIMS PROCEDURES ARE BEING CLOSELY MONITORED IN COORDINATION WITH OUR LOCAL AND REGIONAL INSURANCE BROKERS

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